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| Richard Blumenthal |
Connecticut Senator Richard Blumenthal, who is probing the merger of Saudi Arabia’s LIV Golf with the PGA Tour, wants to know what role Teneo played in the transaction.
In his Aug. 16 letter to Teneo CEO Paul Keary, Blumenthal demands a “detailed list” of engagements between Teneo and Saudi Arabia’s Public Investment Fund and the names of staffers who worked with the PIF.
The Senate’s Permanent Subcommittee on Investigations found that Stephen Cohen, Teneo’s senior managing director, participated in meetings on June 5-6 prior to the announcement of the planned agreement between the PGA Tour and PIF to form a new corporate entity in professional golf.
Prior to joining Teneo, Cohen was a VP at Goldman Sachs and worked with the PR team that helped it emerge from the global financial meltdown. He also was senior VP in Citigroup’s corporate affairs department and a reporter for Bloomberg.
Blumenthal also wants any Teneo documents concerning PIF’s future role in other US sports.
The Democrat also sent letters to the heads of McKinsey & Co., M. Klein & Co. and Boston Consulting Group.
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